Analysts Anticipate HCA Holdings, Inc. (HCA) Will Announce Quarterly Sales of $10.67 Billion
Equities research analysts forecast that HCA Holdings, Inc. (NYSE:HCA) will report sales of $10.67 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for HCA Holdings’ earnings, with the lowest sales estimate coming in at $10.60 billion and the highest estimate coming in at $10.73 billion. HCA Holdings posted sales of $10.27 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The business is expected to report its next earnings report before the market opens on Tuesday, October 31st.
On average, analysts expect that HCA Holdings will report full year sales of $10.67 billion for the current year, with estimates ranging from $43.17 billion to $43.72 billion. For the next financial year, analysts expect that the company will report sales of $45.58 billion per share, with estimates ranging from $45.13 billion to $46.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow HCA Holdings.
HCA Holdings (NYSE:HCA) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by ($0.05). The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.76 billion. HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.66 EPS.
A number of research firms have recently weighed in on HCA. Piper Jaffray Companies restated a “buy” rating and issued a $92.00 target price on shares of HCA Holdings in a report on Wednesday, October 4th. ValuEngine upgraded HCA Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub lowered HCA Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Zacks Investment Research lowered HCA Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Finally, KeyCorp restated a “buy” rating and issued a $95.00 target price on shares of HCA Holdings in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the stock. HCA Holdings currently has a consensus rating of “Buy” and a consensus price target of $91.25.
In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $78.00, for a total value of $167,700.00. Following the completion of the sale, the insider now directly owns 12,476 shares of the company’s stock, valued at $973,128. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 6,450 shares of company stock valued at $511,163 over the last three months. Company insiders own 2.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Gotham Asset Management LLC increased its position in HCA Holdings by 178.5% in the first quarter. Gotham Asset Management LLC now owns 325,689 shares of the company’s stock worth $28,983,000 after buying an additional 208,745 shares during the last quarter. Accident Compensation Corp increased its position in HCA Holdings by 4.8% in the second quarter. Accident Compensation Corp now owns 43,793 shares of the company’s stock worth $3,819,000 after buying an additional 2,000 shares during the last quarter. Delta Lloyd Asset Management N.V. purchased a new stake in HCA Holdings in the second quarter worth $3,823,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in HCA Holdings by 33.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,470 shares of the company’s stock worth $665,000 after buying an additional 1,870 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in HCA Holdings by 1,229.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 775,914 shares of the company’s stock worth $59,753,000 after buying an additional 717,551 shares during the last quarter. 73.76% of the stock is owned by institutional investors and hedge funds.
HCA Holdings (NYSE HCA) traded up 1.58% on Wednesday, hitting $81.05. The company’s stock had a trading volume of 3,793,204 shares. The firm has a 50 day moving average of $77.65 and a 200-day moving average of $81.88. The stock has a market cap of $29.28 billion, a PE ratio of 10.86 and a beta of 0.62. HCA Holdings has a 12 month low of $67.00 and a 12 month high of $91.03.
About HCA Holdings
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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